Bank of Montreal

Bank of Montreal takes job-cuts charge in drive for lower costs


Bank of Montreal's drive to improve efficiencies has come with a cost: C$357 million, along with more job cuts.


Year's 2nd-biggest merger, bank failures, small-bank layoffs: Top stories of the week


First Horizon, Iberiabank in year's second-biggest bank merger; bank failure in New Jersey is nation's third in a week; smaller banks take a turn swinging the ax; and more from this week's most-read stories.


BMO off to promising start on its AI projects


The team has already built three customer-facing AI tools this year, which it hopes to keep building upon.


Paying bankers more is cost of Canadian lenders' U.S. expansion


Bank of Montreal's push into the U.S. has proved fruitful for its employees — and challenging for a company seeking to get its expenses under control.


Scotiabank's Latin America push outpaces BMO's U.S. efforts


Scotiabank's earnings topped analysts' estimates on a surge in profit in its international-banking division, fueled by a sharpened focus on Latin America. Bank of Montreal, meanwhile, fell short of expectations as growth was more muted at its U.S. personal-and-commercial banking division.


Bank of Montreal surpasses U.S. growth target in six months, CEO says


Last year, CEO Darryl White said his goal was for U.S. operations to account for one-third of the bank's earnings in three to five years. It was a matter of months before the goal was reached.


BMO Financial's Ernie Johannson expands role


The Canadian parent of BMO Harris Bank in Chicago has named Johannson group head of North American personal banking, an extension of similar executive duties she holds in the U.S.


Even Canadian banks are shunning U.S. pot firms


CEOs at Bank of Montreal and TD Bank Group say they are unlikely to touch the American cannabis industry until the laws change.


Bank of Montreal CEO sees more growth in U.S. beyond the Midwest


Bank of Montreal is getting about half of its U.S. business from outside the company's Midwest stronghold, thanks to a commercial-banking push, Chief Executive Darryl White said.


U.S. retail banking profits surge at Bank of Montreal


Consumer lending margins in the United States strengthened at the Canadian bank, which overall saw more growth in business lending than consumer lines in its fiscal first quarter.